SHIB Faces Market Indecision as Whale Activity Declines
Shiba Inu (SHIB) is currently experiencing a period of market indecision, with its recent price momentum showing signs of fatigue. Despite a 20% gain over the past month, the token has seen an 8.5% drop in the last seven days, even with a minor daily uptick. This narrowing price action reflects trader hesitation, further highlighted by technical indicators such as the Relative Strength Index (RSI), which recently rebounded from oversold conditions. The fading interest of large investors, or ’whales,’ adds to the uncertainty surrounding SHIB’s near-term performance. As of May 2025, the cryptocurrency remains in a tight trading range, leaving traders and investors cautiously watching for the next breakout or breakdown.
Shiba Inu Struggles to Maintain Momentum as Whale Interest Fades
Shiba Inu’s recent price performance reveals a market caught in indecision. After gaining over 20% in the past month, the token is now showing signs of fatigue, with a 7-day drop of 8.5% despite a small daily uptick.
Price action has narrowed into a tight range, reflecting hesitation among traders. Technical indicators mirror this standoff—Shiba Inu’s Relative Strength Index (RSI) recently rebounded from oversold conditions, climbing from 31.7 to 47.1. While this recovery hints at renewed short-term interest, the RSI remains below 50, indicating a lack of clear momentum.
Adding to the cautious sentiment is a subtle decline in whale participation. The number of wallets holding over 1 billion SHIB has decreased slightly in the past week, pointing to waning confidence among large holders.
Shiba Inu Token Burns Surge as Technical Indicators Hint at Reversal
Shiba Inu’s burn rate skyrocketed 17,900% in 24 hours, with 49 million SHIB tokens permanently removed from circulation. The aggressive supply reduction strategy comes as the meme coin shows tentative signs of a bullish reversal despite recent market weakness.
SHIB trades at $0.00001442, down 1.45% on the day, while volume climbed 22.67% to $292 million. Analysts eye the $0.000016 resistance level as a critical breakout threshold. The simultaneous surge in burn activity and trading volume suggests growing speculative interest amid tightening token supply.
SHIB Surges Nearly 7% as Bulls Overcome Resistance Amid Heavy Buying
Shiba Inu (SHIB) has defied broader market volatility, rallying nearly 7% as bullish momentum breaks key resistance levels. The token now trades above all major moving averages, signaling strong technical strength. CoinDesk Research data highlights this resilience, though short-term consolidation appears likely after the recent surge.
Despite 80% of SHIB holders remaining underwater at current prices, community enthusiasm persists. Development continues on Shibarium, a LAYER 2 scaling solution aimed at expanding SHIB’s utility beyond its meme coin origins. The project’s long-term vision appears to be outweighing short-term holder concerns.
Shiba Inu Struggles Against Bearish Market Forces Amid Volatility
Shiba Inu (SHIB) resurged in early May following bullish predictions from influencer Lucie, who forecasted a potential thousand percent price increase. The Layer-2 network Shibarium saw its total value locked (TVL) jump by $1.5 million to $3.79 million within three days, signaling growing investor interest.
Momentum faltered after May 11, with SHIB’s price dropping 5.3% despite a dramatic 106,040% spike in token burns on May 17. The meme coin now battles to hold the 20-day EMA support at $0.00001450, while facing downward pressure from the 50-day EMA—a technical configuration suggesting sustained bearish sentiment.
Failure to maintain this critical level could trigger a short-term decline toward $0.00001200. On-chain metrics reveal concerning whale activity, with large holders reducing positions amid the price turbulence.
